LTC/USDT – 1H – SELL

The combination Litecoin/Tether (LTC/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 57.42 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

57.42 – 56.61 – 55.27 – 55.24 – 55.34 – 54.59 —
55.710000000 – 55.560000000 —
42.762865947966 – 33.067605848678 —
– —
57.42 – 1776430800

Trading Signals: CRYPTO – LTC – LTC/USDT – USDT – Bearish Engulfing – – –